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Tradewind Finance Pays Tribute to Customers on MSME Day


HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – This MSME Day, Tradewind Finance, a global trade finance provider, is celebrating the thousands of SME customers it has served over the years with reliable capital to grow and thrive.

Dubbed the “backbone” of economies, micro, small and medium-sized enterprises (MSMEs) make up 90% of businesses globally and account for over 70% of jobs worldwide, according to the United Nations website. They’re critical to achieving the United Nation’s 2030 Agenda for Sustainable Development Goals, including decent work for all.

By partnering with SMEs, Tradewind has also contributed to this set of SDGs. Apart from Decent Work and Economic Growth (SDG 8), Tradewind’s activities and their development effects in emerging markets have also made a positive impact on the following: Zero Hunger; Industry, innovation and infrastructure; and Partnership of the Goals.

Despite their critical role in the world, MSMEs, especially those in developing countries, still face challenges accessing the financing they need for day-to-day operations and successful growth.

As per the Asian Development Bank, there is an estimated $2.5 trillion trade finance gap, which signifies the difference between requests and approvals for financing to support imports and exports. This unmet demand denies businesses the working capital and trade support required to achieve their full potential. Tradewind is closing this gap by providing their customers with flexible, tailor-made financial solutions that deliver quick access to capital and reduce the risk of non-payment from buyers.

Most of Tradewind’s customers are small and medium-sized businesses. The firm’s funding is based on their customers’ buyers’ creditworthiness, rather the customer’s own financials, which they might still be developing and strengthening. The company’s flexible approach to financing enables SMEs to receive the funding they require and deserve.

Today, the team at Tradewind would like to take the opportunity to thank their SME customers spread in most of the markets across the globe. Through on-site visits to the facilities of their clients and close collaboration with them, the team recognizes the significance of the products and services made by small and mid-sized manufacturers, traders, exporters, importers, processes and others that have changed and shaped the world.

To know more about how Tradewind has partnered with SMEs worldwide to help optimize their cash flow reduce their trade risk, read the company’s mission: https://www.tradewindfinance.com/our-mission/

Hashtag: #Tradewind #tradefinance #finance #exportfactoring #financing #invoicediscounting #invoicefinancing




Wechat: 德益世国际保理

The issuer is solely responsible for the content of this announcement.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single package of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

Laos, South Korea Strengthen Ties with Early Warning System Grant

The signing agreement at Seoul, Republic of Korea.

The Korea Meteorological Administration (KMA) has granted USD 4 million to the Department of Meteorology and Hydrology (DMH) in Laos. The funding aims to upgrade Laos’ early warning systems for natural disasters, including floods, earthquakes, and landslides.

AI transforming financial reporting globally with near universal adoption expected in the next three years, KPMG analysis finds


HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – Artificial intelligence (AI) is already being widely adopted in companies’ financial reporting processes, with a majority of businesses piloting or using it, and this is set to grow to almost universal levels over the next three years, according to a global research from KPMG. At the same time, companies expect AI to be increasingly used by their auditors to drive more proactive and predictive audits.

KPMG’s research titled AI in financial reporting and audit: Navigating the new era, surveyed 1,800 companies across six industries in ten major markets to understand how financial reporting executives feel AI adoption is progressing within the finance function, its impact on internal finance teams, and expectations for external auditors.

Alan Yau, Audit Innovation Leader, Partner, KPMG China, says: “The adoption of AI in financial reporting is gaining significant momentum in Greater China, with the use universally applicable to both auditors and clients, leading to greater productivity for financial reporting teams and enhancing talent acquisition and skills development.”

Among regions, companies in North America are moving at the fastest pace with 39% of companies in the region selectively or widely adopting AI for financial reporting, followed by Europe (32%) and Asia Pacific (29%).

In terms of sectors, telecoms and technology businesses have made the most progress, with 41% responding that they are now selectively or widely adopting AI within their financial reporting processes, followed by energy, natural resources and chemicals (35%). Consumer products and retail businesses, however, trail other industries (26%).

Companies are investing strategically and substantively in AI. According to the research, AI now accounts for 10% of the IT budget and is set to rise significantly. All surveyed companies said their Boards have taken strategic action regarding AI.

Nearly two-thirds of respondents (64%) say they expect auditors to have the role of conducting a more detailed review of the control environment in relation to their use of AI in financial reporting. Over half (53%) foresee auditors carrying out an AI governance maturity assessment, while a third expect to ask them to provide third-party attestation over the use of AI technology. However, this is an area where regulation needs to move and maintain pace with the rapid pace of development of use of AI in financial reporting and in auditing.

Generative AI, as a relative technology newcomer, fewer organizations are piloting or using it now (43%) compared to ‘traditional’ AI – but adoption is set to accelerate significantly over the coming three years. Indeed, over the next 12 months leaders are set to prioritize genAI for financial reporting more than any other technology. Almost half (47%) will prioritize it, ahead of data & analytics (44%), process mining (39%) and cloud (36%).

Alan Yau added: “Looking ahead, businesses in Greater China are increasingly recognizing the immense potential of generative AI. In the realm of financial reporting, AI emerges as a formidable tool that not only enhances decision-making with insightful data analysis but also complements human expertise with its speed and precision. By automating routine tasks, AI enables financial professionals to devote more time to strategic planning and fostering client relationships. This symbiotic relationship between AI and human professionals is revolutionizing financial reporting, elevating service standards, and delivering unparalleled value to companies and their stakeholders.”

Businesses are very cognizant of the risks of AI, with data security, privacy and ethical issues the top concerns. In general, there are currently more concerns over genAI than traditional AI, including cybersecurity issues and copyright & IP alongside other areas such as privacy and hallucinations. Managing the risks and taking an ethical approach to AI implementation is critically important.

Hashtag: #KPMG

The issuer is solely responsible for the content of this announcement.

About KPMG China

KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

Octa – AI in investing: an opportunity not to be missed


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 June 2024 – AI-driven solutions mushroom in the investment sector, driven by superior cost-efficiency and the general public’s unflagging interest in disrupting innovations. In this article, the experts at Octa, a global financial broker since 2011, describe the current landscape, dynamics, and directions of revolutionary changes that unfold before our eyes in FinTech and investing as AI technologies become more and more indispensable.

Octa

Investors increasingly rely on AI-powered applications to build risk-resistant, diversified portfolios and seem to have unlimited faith in AI. The hype appears to be well-deserved since the new tools provide unparalleled support in areas such as maximising potential returns, enhancing risk management strategies, and helping investors make more informed decisions firmly rooted in data analysis.

FinTech and investing have been experiencing radical change as AI-driven technologies are increasingly becoming innovation catalysts in these sectors. AI empowers investors by providing the technological groundwork for various tools designed to enhance compliance, analyse large chunks of data, and boost risk management. According to Custom Markets Insights research, artificial intelligence in FinTech was valued at 12.32 billion USD in 2023 and is expected to reach 45.07 billion USD by 2032.

AI offers investors a wide scope of advanced capabilities, including real-time data-driven insights, market trend forecasts, and sentiment analysis. AI and ML algorithms can efficiently process large databases to determine optimal risk-return investing profiles and provide customised portfolio recommendations. These technologies cover such areas as system capability testing, market analysis, and scenario evaluation, supporting investors in putting together their investment plans. According to Kar Yong Ang, Octa broker’s financial market analyst, ‘AI seems to be highly efficient in creating predictive models based on extensive historical data sets. It has already become a valuable addition to traditional technical and fundamental analysis that many traders use in their sessions.’

In addition to analytical tasks, AI tools exceed expectations when it comes to preventing cyber fraud in various forms and disguises. AI-driven solutions can be used to implement multi-factor authentication, ensure adherence to zero-trust security principles, and build modular system architectures that show superior resistance to hacking. These and many other use cases make AI a dominant force in the cybersecurity domain. Below are some of the most powerful and widely used applications of AI in the investment sector.

Market forecasting

AI-based solutions predict future market trends by leveraging advanced algorithms and historical data, including stock prices, trading volumes, economic indicators, and company financials, to identify patterns and make forecasts. AI systems clear the data, identify and extract relevant insights that can influence market trends, use machine learning models to create prediction models, and then backtest these to evaluate their performance and security.

Trade analytics

AI has disrupted trade analytics by enabling the processing of vast amounts of data, which helps reveal hidden patterns and generate actionable insights. One of the critical uses of AI in trade analytics is predictive modelling. Machine learning models, such as neural networks and support vector machines, are trained to forecast market trends and asset prices. These models can identify complex dependencies within the data that traditional statistical methods might miss, providing traders with more accurate and timely predictions. AI also excels in real-time data analysis. High-frequency trading firms leverage AI to analyse market conditions and execute trades within milliseconds, taking advantage of fleeting opportunities that human traders cannot perceive.

Risk management

AI helps in risk management by identifying potential market risks and anomalies. It can detect unusual trading patterns indicating fraudulent activities or market manipulation. By providing deeper insights and enhancing decision-making processes, AI-driven trade analytics empower traders and investors to optimise their strategies, improve performance, and gain a competitive edge in the financial markets.

Personalised portfolios

AI enhances investments by providing personalised portfolio recommendations based on individual risk profiles, goals, and preferences. Using advanced analytics and machine learning, AI analyses vast financial data to identify optimal investment opportunities and construct diversified portfolios. It continuously monitors market conditions and portfolio performance, offering real-time adjustments to align with investor goals. By incorporating alternative data sources like social media sentiment and news, AI anticipates market movements, enhancing decision-making. This data-driven, customised approach helps investors achieve better returns and manage risks more effectively.

AI tools become more and more instrumental for investors in managing risks, creating diversified and fluctuation-resistant portfolios, and predicting market movements. In the future, the development of AI in the investment sector will most likely lead to further improvements in precision and responsiveness, including the implementation of advanced algorithmic trading strategies, sentiment analysis, and real-time risk management systems.

Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries who have opened more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Forex Broker Malaysia 2022’ and the ‘Most Reliable Broker Asia 2023’ awards from Global Banking and Finance Review and International Global Forex Awards, respectively.

Philippine Airlines Partners with ViewQwest to Elevate Network and Security Infrastructure

The Philippines’ leading international airline taps award-winning Singapore telco and managed security services provider for network and security transformation


SINGAPORE – Media OutReach Newswire – 27 June 2024 – Philippine Airlines (PAL), Asia’s pioneering commercial airline and the nation’s flag carrier, has appointed Singapore telco and MSSP ViewQwest, to upgrade its network and security infrastructure as it forges ahead with its digital innovation and transformation roadmap.

(L to R): ViewQwest's Chief Operating Officer - Jurist Francisco, Philippine Airlines’ Vice President of IT Operations - Angelique Tinsay, Chief Information Officer - Aurea Patria Vidal, Senior IT Manager - Alejandro S. Sol Cruz, and ViewQwest's Chief Executive Officer - Vignesa Moorthy
(L to R): ViewQwest’s Chief Operating Officer – Jurist Francisco, Philippine Airlines’ Vice President of IT Operations – Angelique Tinsay, Chief Information Officer – Aurea Patria Vidal, Senior IT Manager – Alejandro S. Sol Cruz, and ViewQwest’s Chief Executive Officer – Vignesa Moorthy

The landmark project will implement next-generation network and security technologies across Philippine-based sites and branches. It will also leverage a managed service framework to ensure optimum service levels vital to the seamless operation of the country’s largest international airline. The strategic enhancements will improve network performance and business resilience, forming a robust foundation for the airline’s digital transformation and continued innovation.

The partnership was sealed at an executive briefing and project team assembly hosted at The Sheraton Manila. Senior technical and business leaders from PAL and ViewQwest, together with key stakeholders and project heads, gathered for the occasion. The partnership was formalized by Philippine Airlines’ Chief Information Officer, Aurea Patria Vidal, and Vice President of IT Operations, Angelique Tinsay, together with ViewQwest’s Chief Executive Officer, Vignesa Moorthy, and Chief Operating Officer, Jurist Francisco.

PAL is poised to reap extensive advantages from the upgraded network and security infrastructure. The consolidated network and security operations will offer enhanced visibility, control, and security of the network. This will enable PAL’s IT teams to focus on core business operations and high-value strategic initiatives, while being assured of consistent threat protection.

PAL projects that the integrated and simplified architecture, managed in partnership with ViewQwest, will deliver tangible cost advantages across its IT and network operations. By leveraging industry-leading managed services, it foresees benefits from aggregated cost savings, minimal downtime with carrier redundancy, and expedited issue resolution.

Commenting on the partnership, ViewQwest CEO Vignesa Moorthy said, “We take great pride in supporting Philippine Airlines in their network and security transformation journey. We applaud their strategic foresight to construct a network that prioritizes security from the ground up as well as embracing managed services, freeing their teams to concentrate on driving business growth rather than managing infrastructure. This strategic multi-year partnership cements ViewQwest’s presence in the Philippines, and demonstrates our commitment to empower leading Philippine companies.”

PAL’s Chief Information Officer Aurea Vidal adds, “Whenever possible, we will seek a tailored approach for PAL’s IT needs, so we are pleased to partner with ViewQwest whose proven track record of custom solutions perfectly align with our strategic principles. By embracing a cloud-based infrastructure that is secure by design, we can amplify collaboration, enable business agility, and ensure business continuity.”

In the project assembly, the combined ViewQwest and Philippine Airlines teams affirmed their shared commitment to excellence and the success of this landmark project, marking PAL’s continued innovation leadership in the industry.

Hashtag: #ViewQwest

The issuer is solely responsible for the content of this announcement.

About ViewQwest

ViewQwest is an award-winning Telecommunications and Managed Security Services Provider driven by a vision to make the world a better place, powered by safer, better internet. Founded and headquartered in Singapore since 2001, it has expanded operations and market coverage in Malaysia, the Philippines, Hong Kong, Macau, Taiwan, Indonesia, Vietnam, and other countries in North and Southeast Asia.

IMDA and Amazon Announce Strategic Collaboration to promote digital inclusion and safe online shopping under Digital for Life movement

  • Joint initiatives under the Digital for Life movement include community workshops with non-profit organization partners to increase Singaporeans’ awareness about how to shop online safely and protect themselves against scams, as well as getting familiar with new technologies such as Generative Artificial Intelligence (Gen AI).
  • Corporate volunteers from Amazon.sg, Amazon Payments and AWS are partnering with IMDA to conduct the community workshops.
  • Amazon Singapore has donated S$100,000 to the Digital for Life Fund, which will be matched dollar-for-dollar by the Singapore Government, in order to promote digital inclusion initiatives under the Digital for Life movement.

SINGAPORE – Media OutReach Newswire – 27 June 2024 – Today, Singapore’s Infocomm Media Development Authority (IMDA) and Amazon announced a strategic collaboration under the national Digital for Life movement to help advance Singaporeans’ essential digital skills – including safe online shopping and Gen AI – through the organization of community workshops. These educational initiatives will be led by corporate volunteers from Amazon.sg, Amazon Payments and AWS, supported by IMDA.

From Left - Melody Xu, Senior Executive, Club Rainbow; Richard Goh, Head of Strategic Initiatives, Public Sector Singapore, AWS; Shirley Tay, Head of Finance and Administration, Club Rainbow; Peter Li, Director, CN & SG, International Stores, Amazon; Doreen Tan, Assistant Chief Executive, Strategic Planning & Digital Readiness, Infocomm Media Development Authority of Singapore (IMDA); Josen George, General Manager for Amazon APAC; Sujit Misra, Director, Amazon Payments; Dr Shang Gao, Regional Director for Global Education, AWS; Eleanor Tan, Senior Executive (Outreach and Development), Children's Wishing Well
From Left – Melody Xu, Senior Executive, Club Rainbow; Richard Goh, Head of Strategic Initiatives, Public Sector Singapore, AWS; Shirley Tay, Head of Finance and Administration, Club Rainbow; Peter Li, Director, CN & SG, International Stores, Amazon; Doreen Tan, Assistant Chief Executive, Strategic Planning & Digital Readiness, Infocomm Media Development Authority of Singapore (IMDA); Josen George, General Manager for Amazon APAC; Sujit Misra, Director, Amazon Payments; Dr Shang Gao, Regional Director for Global Education, AWS; Eleanor Tan, Senior Executive (Outreach and Development), Children’s Wishing Well

Building on IMDA’s Digital Skills for Life (DSL) competencies of “Transact Online” and “Be Safe, Smart and Kind Online” content, Amazon and IMDA have co-curated community workshop to teach Singaporeans of all ages, from kids to their grandparents, on how to shop and make payments safely and confidently online. Community workshops with family-oriented non-profit organization partners such as the Children’s Wishing Well, Club Rainbow, and Glyph Community will be conducted in September to promote and boost competency in essential digital skills among vulnerable and underprivileged communities.

According to the Singapore Police Force (SPF), scams and cybercrime continue to be a key concern. SPF revealed in their 2023 brief that the number of scam and cybercrime cases increased by 49.6% in 2023 compared to the year before. The report also shared that 73.0% of scam victims were youths, young adults and adults aged below 50, making it a priority to educate these demographics about how to protect themselves against bad actors and learn about safe online shopping and new technologies.

Amazon and IMDA’s collaboration comes after Amazon.sg achieved the highest rating possible for a third year running in April 2024 in Singapore’s E-Commerce Marketplace Transaction Safety Ratings (TSR). More recently, Amazon Singapore has joined the newly launched Global Anti-Scam Alliance’s Singapore chapter as Vice-Chair to work across industries to help protect Singapore consumers against bad actors. Amazon believes that by working together across industries and with governments around the world, we can build a world where consumers navigate their lives confident that they will not fall victim to scams. Amazon is keen to work together with others to chart a course to achieve it.

In addition to community workshops around safe online shopping and safe online transactions, Amazon’s collaboration with IMDA under the Digital for Life movement will see workshops conducted by Amazon Web Services (AWS) to educate Singaporeans about Generative Artificial Intelligence (Gen AI) and new technologies, highlighting their functional benefits in our daily lives and encouraging responsible use. The first AWS community workshop on Gen AI was conducted in June 2024 with Singapore’s National Library Board, which taught attendees – ranging from primary school children to retirees – about how to use AI models to create an application. These initiatives support the AWS AI Spring Communities program which focuses on community development with AI, as part of AWS’s recently announced flagship program, AWS AI Spring Singapore. Under AWS AI Spring, AWS will train 5,000 individuals annually on AI skills from 2024-2026.

To further support the Digital for Life movement, Amazon has donated S$100,000 to the Digital for Life Fund, which will be matched dollar-for-dollar by the Singapore Government, in order to support digital literacy and wellness, as well as digital technology and inclusion initiatives for vulnerable communities.

Ms. Doreen Tan, Assistant Chief Executive (Strategic Planning and Digital Readiness) of IMDA, said: “As the digital space evolves, we recognise the importance of equipping Singaporeans with the tools and skills to stay safe online. Our collaboration with Amazon builds on IMDA’s Digital Skills for Life competencies, which cover learning to transact securely and being savvy and kind online. We welcome more partners to join us in the Digital for Life movement, to build a more inclusive society where no one is left behind and everyone can enjoy the benefits of the digital age.”

Mr. Josen George, General Manager, Amazon APAC, said: “Widespread education and collective action are critical armors in our fight against scams. As technology advances, bad actors will continue to find new ways to take advantage of communities. We must strive to be a few steps ahead of them by working together, sharing our knowledge, and creating a safe environment for day-to-day activities online. Amazon – including teams from Amazon.sg, Amazon Payments and AWS, is proud to work closely with IMDA to further educate Singaporeans about safe online shopping and safe transactions using digital payment methods such as PayNow, as well as sharing the benefits and responsible use of new technologies such as Gen AI. Safety is the top priority in everything we do at Amazon.”
Hashtag: #Amazon #IMDA

The issuer is solely responsible for the content of this announcement.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfilment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit .

Gear Up for Olympic Glory with Dorsett Wanchai’s Olympic Party Package


HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – The highly anticipated Paris Olympics 2024 is just around the corner, and Dorsett Wanchai, Hong Kong is ready to elevate the excitement with its exclusive Olympic Party Package. As Hong Kong’s sport stars aim to build upon their previous six-medal legacy, the hotel invites Olympic enthusiasts to revel in the thrill of the games with a night’s stay starting from HK$800 per night, complete with classic party snacks and sparkling wine.

Dorsett Wanchai's Executive Suite and Classic Party Snacks (Photo for reference only)

Nestled adjacent to the iconic Happy Valley Racecourse, Dorsett Wanchai is merely an 8-minute stroll from the Times Square and Causeway Bay MTR station. To ensure guests can seamlessly explore the city, the hotel offers complimentary shuttle services to popular attractions in Causeway Bay, Wan Chai, and Central.

From now until 11 August 2024, the Olympic Party Package is available for stays between 26 July and 12 August 2024, allowing guests to immerse themselves in the Olympic spirit from the comfort of their hotel room. Guests can choose between the Premier Causeway Bay City View Room (28 sq. m) or the spacious Executive Suite (48 sq. m) with separate living room and bedroom area, accommodating up to 4 guests. Alongside the classic party snacks (Mozzarella Cheese Rolls, Cheese Balls, Chicken Nuggets, French Fries and Popcorn) and sparkling wine, the package also includes the Hotel Official Website exclusive Dorsett 26 Hours Full Stay Service, providing flexible check-in times to ensure guests don’t miss a single moment of the thrilling action.

Additional perks include 24-hour gym access and high-speed 1000 Mbps Wi-Fi. Whether you’re a devoted fan or simply looking to soak up the electric atmosphere, Dorsett Wanchai’s Olympic Party Package promises an unforgettable experience that will have you cheering on the Hong Kong team in style.

Book your stay now and get ready to witness the world’s greatest sporting event!

*Terms apply. Please note photos are for reference only.
Hashtag: #DorsettWanchai

The issuer is solely responsible for the content of this announcement.

About Dorsett Wanchai, Hong Kong

As winner of Tripadvisor’s Travellers’ Choice 2024, the 4.5-star Dorsett Wanchai is conveniently located between Wan Chai and Causeway Bay with a mere 8-minute walk to MTR stations, Times Square, and Complimentary Shuttle Bus Services to popular tourist attractions, trade fair venues and transportation hubs in the city. The hotel offers meticulously designed rooms and suites up to 48 sq. m. Visit:

Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space


SINGAPORE – Media OutReach Newswire – 27 June 2024 – Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD).

Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space
Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space

New Singapore Office Consolidates Tencent Workforce in Prime CBD Location

The move, completed in the first week of June 2024 following the conclusion of their previous lease agreement, reflects Tencent’s commitment to bring together more employees in the Republic. A Tencent spokesperson confirmed the relocation from the firm’s previous office space to the new location managed by TWP, stating “We are excited to continue our business in Singapore”.

For now, Tencent’s Singapore office takes up one floor, about half of the 56,000 sq ft working space in the CapitaSky tower. Other notable tenants in CapitaSky include Allianz SE and Boston Consulting Group Inc.

The Work Project Affirms a 3-Year Partnership with Tencent

Sheena Goh, Head of Sales at The Work Project, emphasised the move as an affirmation of a “three-year strong partnership” with Tencent. Looking ahead, Tencent may consolidate its remaining Singapore workforce at CapitaSky, relocating employees to another office space managed by TWP at the nearby CapitaSpring tower when the current lease expires.

TWP is a coworking operator backed by CapitaLand Group, and operates both CapitaSky and CapitaSpring coworking spaces.
Hashtag: #Tencent

The issuer is solely responsible for the content of this announcement.

About the The Work Project

The Work Project (TWP) is a leading provider of flexible workspaces designed to empower businesses and enhance productivity. TWP creates beautifully crafted modern spaces that are flexible, modular, and customizable to meet the unique needs of each client. By prioritising client branding, expansion capabilities, and individual work cultures, TWP ensures that every workspace becomes an extension of the company it serves.